LE GIDON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LE GIDON
Largest movements
- Stocks and contracts -€33,107
down €33,107 (-28.4%), from €116,446 to €83,339
- Deferred charges and accrued income -€26,530
down €26,530 (-93.8%), from €28,287 to €1,757
- Receivables within one year +€23,930
up €23,930 (+219%), from €10,937 to €34,866
of which Other amounts receivable: +€27,760
- Cash +€8,413
up €8,413 (+123%), from €6,828 to €15,240
mainly Stocks and contracts (+€33,107) and Deferred charges and accrued income (+€26,530)
- Tangible fixed assets -€2,635
down €2,635 (-28.3%), from €9,309 to €6,674
of which Furniture and vehicles: -€1,474
- Profit (loss) carried forward -€20,198
down €20,198 (-53.4%), from -€37,836 to -€58,034
- Trade debts -€15,586
down €15,586 (-54.4%), from €28,643 to €13,057
- Other debts +€15,113
up €15,113 (+232%), from €6,504 to €21,617
- Short-term financial debts -€13,149
down €13,149 (-14.9%), from €88,145 to €74,996
- Tax, wage and social debts -€12,706
down €12,706 (-52.2%), from €24,354 to €11,648
of which Taxes: -€12,166
- Staff costs -€19,076
down €19,076 (-80.7%), from €23,642 to €4,567
- Gross operating margin +€10,354
up €10,354 (+85.7%), from -€12,078 to -€1,724
- Other operating charges +€1,821
up €1,821 (+83.3%), from €2,186 to €4,006
- Financial income -€461
down €461 (-38.4%), from €1,200 to €739
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,587 | €148,177 | -€30,411 | -17.0% |
| Formation expenses | 20 | €481 | - | -€481 | |
| Fixed assets | 21/28 | €15,609 | €12,974 | -€2,635 | -16.9% |
| Tangible fixed assets | 22/27 | €9,309 | €6,674 | -€2,635 | -28.3% |
| Plant, machinery and equipment | 23 | €706 | €588 | -€118 | -16.7% |
| Furniture and vehicles | 24 | €3,086 | €1,613 | -€1,474 | -47.7% |
| Other tangible fixed assets | 26 | €5,517 | €4,473 | -€1,044 | -18.9% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €162,497 | €135,202 | -€27,294 | -16.8% |
| Stocks and contracts in progress | 3 | €116,446 | €83,339 | -€33,107 | -28.4% |
| Stocks | 30/36 | €116,446 | €83,339 | -€33,107 | -28.4% |
| Amounts receivable within one year | 40/41 | €10,937 | €34,866 | +€23,930 | +219% |
| Trade receivables | 40 | €9,107 | €5,278 | -€3,830 | -42.1% |
| Other amounts receivable | 41 | €1,829 | €29,589 | +€27,760 | +1,518% |
| Cash at bank and in hand | 54/58 | €6,828 | €15,240 | +€8,413 | +123% |
| Deferred charges and accrued income | 490/1 | €28,287 | €1,757 | -€26,530 | -93.8% |
| Total equity and liabilities | 10/49 | €178,587 | €148,177 | -€30,411 | -17.0% |
| Equity | 10/15 | -€5,285 | -€25,483 | -€20,198 | -382% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,552 | €2,552 | = | 0.0% |
| Distributable reserves | 133 | €2,552 | €2,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,836 | -€58,034 | -€20,198 | -53.4% |
| Amounts payable | 17/49 | €183,872 | €173,659 | -€10,213 | -5.6% |
| Amounts payable after more than one year | 17 | €23,223 | €30,051 | +€6,829 | +29.4% |
| Financial debts | 170/4 | €23,223 | €30,051 | +€6,829 | +29.4% |
| Amounts payable within one year | 42/48 | €160,649 | €134,489 | -€26,159 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €13,002 | €13,171 | +€169 | +1.3% |
| Financial debts | 43 | €88,145 | €74,996 | -€13,149 | -14.9% |
| Credit institutions | 430/8 | €88,145 | €74,996 | -€13,149 | -14.9% |
| Trade debts | 44 | €28,643 | €13,057 | -€15,586 | -54.4% |
| Suppliers | 440/4 | €28,643 | €13,057 | -€15,586 | -54.4% |
| Taxes, remuneration and social security | 45 | €24,354 | €11,648 | -€12,706 | -52.2% |
| Taxes | 450/3 | €21,714 | €9,548 | -€12,166 | -56.0% |
| Remuneration and social security | 454/9 | €2,640 | €2,100 | -€540 | -20.5% |
| Other amounts payable | 47/48 | €6,504 | €21,617 | +€15,113 | +232% |
| Accrued charges and deferred income | 492/3 | - | €9,118 | +€9,118 | |
| Remuneration, social security and pensions | 62 | €23,642 | €4,567 | -€19,076 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €3,116 | -€14 | -0.4% |
| Other operating charges | 640/8 | €2,186 | €4,006 | +€1,821 | +83.3% |
| Gross operating margin | 9900 | -€12,078 | -€1,724 | +€10,354 | +85.7% |
| Operating profit (loss) | 9901 | -€41,036 | -€13,414 | +€27,622 | +67.3% |
| Financial income | 75/76B | €1,200 | €739 | -€461 | -38.4% |
| Recurring financial income | 75 | €1,200 | €739 | -€461 | -38.4% |
| Financial charges | 65/66B | €7,316 | €7,369 | +€53 | +0.7% |
| Recurring financial charges | 65 | €7,316 | €7,369 | +€53 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,152 | -€20,043 | +€27,108 | +57.5% |
| Income taxes | 67/77 | €127 | €155 | +€28 | +21.7% |
| Profit (loss) for the period | 9904 | -€47,279 | -€20,198 | +€27,081 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,279 | -€20,198 | +€27,081 | +57.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.